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What is the minimum price at which the forfeited shares can be re-issued? - Accounts

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Question

What is the minimum price at which the forfeited shares can be re-issued?

Short Answer
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Solution

Shares that have been forfeited may be reissued at any price, with the caveat that if a discount is applied, the amount of the discount cannot be greater than the amount that was actually received for the shares at the time of their original issuance, or the amount forfeited.

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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.149]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 37. | Page 6.149
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